IPO from Taiwanese-Owned Garment Maker Would Be the Second Stock Listing in the Southeast Asian Country

A Taiwanese-owned garment maker has priced its Cambodia initial public offering to raise about $19.3 million—below the maximum $28 million it had hoped for—amid tepid demand for what would be just the second stock listing in this developing Southeast Asian nation.

Grand Twins International (Cambodia) PLC plans to sell 8 million shares, or 20% of the company, at $2.41 apiece, according to a statement posted Thursday on the website of...